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Property Rates in Erandwane, Pune

Comprehensive Market Snapshot

Erandwane, Pune's property market currently shows an asking price of ₹23,349 per sq ft and a registration rate of ₹19,896 per sq ft. The market has seen consistent growth in asking prices over the last few quarters, with the micromarket rate also showing an upward trend. Apartments are the primary property type, averaging ₹23,349 per sq ft. While specific average rental rates are not detailed, the overall rental yield stands at 2.47%. A 2 BHK apartment averages ₹38,333 per month in rent.

  • Asking Sale Price₹ 23,349 /sq.ft
  • Govt. Registration Prices₹ 19,896 /sq.ft
  • Average Rental₹ 48 /sq.ft
  • Rental Yield2.47 %

Insights for Erandwane, Pune Real Estate Market

Erandwane, Pune, presents a dynamic real estate market with an average asking price of ₹23,349 per sq ft, while registration rates hover around ₹19,896 per sq ft. Price trends indicate a steady appreciation, with the location rate showing an upward trajectory from ₹22,368 per sq ft in June 2025 to a projected ₹23,349 per sq ft by March 2026. This growth is mirrored in the micromarket rates, which have also climbed significantly. Apartments are the dominant property type, with an average price of ₹23,349 per sq ft and a notable positive change of 4.45%. Ready To Move properties are abundant, with 144 units available at an average of ₹17,568 per sq ft, though experiencing a recent dip. The rental market shows a yield of 2.47%, with 2 BHK apartments averaging ₹38,333 per month. Notably, Prabhat Road stands out with a high average rental rate of ₹68 per sq ft, while Ganesh Nagar shows a recent decline of -4.76%. Government registrations indicate a healthy activity with 205 transactions totaling ₹387 Cr between May 2025 and April 2026.

Market Strengths Market Strengths
  • Erandwane's property market exhibits a positive price trend, with asking rates projected to increase from ₹22,368 per sq ft to ₹23,349 per sq ft by March 2026.
  • The micromarket rates are also showing strong growth, reflecting increased demand and market confidence.
  • Apartments are a popular property type, with an average price of ₹23,349 per sq ft and a healthy 4.45% year-on-year change.
  • The rental market offers a yield of 2.47%, providing a viable income stream for property owners.
  • 2 BHK apartments are particularly sought after, commanding an average rent of ₹38,333 per month.
  • Deccan Gymkhana, a prominent micro-market, shows strong performance with an average rate of ₹25,963 per sq ft and a 2.15% increase.
  • Sadashiv Peth demonstrates significant growth with a 19.99% increase in its average rate, reaching ₹19,649 per sq ft.
Market Challenges Market Challenges
  • The average rental rate of ₹48 per sq ft, while present, does not offer a clear picture of rental appreciation trends across all property types or micro-locations without further breakdown.
  • While Ready To Move properties are abundant, they have seen a price decrease of -8.5%, indicating potential oversupply or a need for price correction in this segment.
Investment Opportunities Investment Opportunities
  • The rental yield of 2.47% in Erandwane suggests potential for steady income generation from rental properties.
  • 2 BHK apartments are a strong rental segment, averaging ₹38,333 per month, indicating consistent demand for family-sized units.
  • The consistent upward trend in asking prices and micromarket rates points towards potential capital appreciation for property investments in Erandwane.
  • The significant increase in Sadashiv Peth's average rate by 19.99% indicates a rapidly appreciating micro-market within Erandwane, offering growth potential.
Property Valuation

Comprehensive assessment of your property's current worth in the current market

Property Price Trends in Erandwane, Pune

Asking Price Trends

The property market in Erandwane is on an upward trajectory, with asking prices projected to reach ₹23,349 per sq ft by March 2026. This represents a consistent increase from the ₹22,368 per sq ft recorded in June 2025. The micromarket rates have also seen substantial growth, indicating a strengthening demand across the broader locality.

Quarter City Rate
Mar 2026 23349
Dec 2025 22355
Sep 2025 22341
Jun 2025 22368
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Price Trends by Property Type

Apartments are the primary residential offering in Erandwane, with an average price of ₹23,349 per sq ft, reflecting a positive 4.45% change. This indicates a strong demand and potential for appreciation in the apartment segment.

Type Rate (₹/sq.ft) Change %
Apartment 23,349 4.45
Price Trends by Project Status

Erandwane offers a varied mix of property statuses to suit different buyer needs. Ready To Move properties are most prevalent with 144 units, averaging ₹17,568 per sq ft. Under Construction projects total 30 units at ₹19,737 per sq ft, while New Launch projects have 25 units priced at ₹19,154 per sq ft.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 185 17,599 -7.55
Under Construction 30 19,737 -1.55
New Launch 25 19,154 -2.15
Price Trends by Localities

Erandwane's real estate landscape features diverse pricing across its micro-markets. Deccan Gymkhana commands the highest average rate at ₹25,963 per sq ft, showing a 2.15% increase. In contrast, Shukrawar Peth is priced significantly lower at ₹9,752 per sq ft. Sadashiv Peth shows a remarkable 19.99% surge, reaching ₹19,649 per sq ft, while Kothrud is priced at ₹18,050 per sq ft with a slight decrease of -0.18%.

Location Rate (₹/sq.ft) Change %
Navi Peth 20,308 -
Deccan Gymkhana 25,963 2.2
Dattawadi 18,497 -
Sadashiv Peth 19,649 20
Ganesh Nagar 22,250 -
Narayan Peth 11,487 -
Parvati Gaon 17,513 -
Kothrud 18,050 -0.2
Shukrawar Peth 9,752 -
Mandai 8,870 -

Project and Developer Insights

Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Erandwane are setting high benchmarks for asking prices. Fortune Prashanti CHS leads with an impressive ₹30,005 per sq ft, marking a significant 34.42% increase. Swojas Aarohi and Chandrasen Apartment also feature prominently, priced at ₹29,490 per sq ft and ₹27,073 per sq ft respectively. These projects represent the aspirational segment of the Erandwane market.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Fortune Prashanti Chs 30,005 34.4
Swojas Aarohi 29,490 -
Chandrasen Apartment 27,073 -
Venkatesh Erandwane Central 26,681 12.1
Erandavane Chs 25,657 -
Pinnacle Kalpataru 25,615 46.4
Ravetkar 70 West Avenue 23,500 -
Lagoo Malhar 23,434 4.4
Fortune Madhvachhaya 23,434 5
Fortune Saikrupa 23,406 4.9
Project Name Current Price (₹/sq.ft) Sale Value Change %
Vasant Apartment 16,398 ₹ 1.83 Cr -
Project Name Current Price (₹/sq.ft) Transactions Change %
Vasant Apartment 16,398 1 -
Top Projects by Rental Rates

Among the top rental projects in Erandwane, Rahul Apartments Erandwane leads with a rental rate of ₹58 per sq ft. Sahara Trimurti Apartment and Minal CHS Erandwane follow, both priced at ₹56 and ₹55 per sq ft respectively, indicating premium rental offerings in these developments.

Top Developers by Transaction Count

Premium residential developments in Erandwane are setting high benchmarks for asking prices. Fortune Prashanti CHS leads with an impressive ₹30,005 per sq ft, marking a significant 34.42% increase. Swojas Aarohi and Chandrasen Apartment also feature prominently, priced at ₹29,490 per sq ft and ₹27,073 per sq ft respectively. These projects represent the aspirational segment of the Erandwane market.

  • By Transaction
Developer Transactions
Archway Estates Db Llp 1

Government Registration in Erandwane, Pune

  • Sales Transactions205
  • Gross Sales Value₹ 387 Cr
  • Registered Rate₹ 19,900 /sq.ft

Erandwane witnessed robust property transaction activity from May 2025 to April 2026, with 205 registrations valued at ₹387 Cr. The average registered rate stood at ₹19,900 per sq ft. Developer Archway Estates DB LLP was notable for its transaction volume. Vasant Apartment was the top project by transactions and value.

Property Rental Trends in Erandwane, Pune

Rental Trends by Unit Type

In Erandwane, the rental market is most active for 2 BHK apartments, which average ₹38,333 per month. This highlights a strong demand for family-sized residential units within the locality.

Unit Type Rate (₹)
2 Bhk 38,333
Rental Trends by Nearby Localities

Rental rates vary across Erandwane's localities, with Prabhat Road commanding the highest average at ₹68 per sq ft. Law College Road follows at ₹58 per sq ft, while Pandurang Colony and Navi Peth are priced at ₹49 and ₹50 per sq ft respectively. Ganesh Nagar has seen a slight decrease of -4.76% in its average rental rate.

Locality Rate (₹/sq.ft) Change %
Pandurang Colony 49 -
Navi Peth 50 -
Prabhat Road 68 -
Vakil Nagar 45 -
Law College Road 58 -
Dattawadi 44 -
Sadashiv Peth 48 -
Mahaganesh Colony 61 -
Ganesh Nagar 40 -4.76
Ideal Colony 53 -25.35
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